AB 1452 (O’Donnell) – Membership Clean-Up Bill
Makes minor and conforming changes to provisions regarding membership in the Defined Benefit (DB) Program and participation in the Cash Balance (CB) Benefit Program resulting in the following:
- Consistent membership dates for persons who mandate into DB membership based on their employment status.
- Clarification of benefit program participation for persons employed by an employer that offers the CB Benefit Program.
- Version: Amended 3/26/2019
- Sponsor: CalSTRS
- Location: Senate Appropriations Committee
- Board Position: Sponsor
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